Rocinante 36 Marengo 32 Car No. Car No. Mileage (KM/LTR) Top Speed (KM/HR) Mileage (KM/LTR) Top Speed (KM/HR)
Rocinante 36 Marengo 32 Car No. Car No. Mileage (KM/LTR) Top Speed (KM/HR) Mileage (KM/LTR) Top Speed (KM/HR)
Rocinante 36 Marengo 32 Car No. Car No. Mileage (KM/LTR) Top Speed (KM/HR) Mileage (KM/LTR) Top Speed (KM/HR)
Rocinante
Mileage36 speed Marengo
Mileage32 speed
Car No. (km/ltr) (km/hr) Car No. (km/ltr) (km/hr) Roccinate Mileage Roccinate
1 21.2 151.9 1 15.04 211.3 Sample size Sample size
2 21.79 147.6 2 15.41 207 Sample standard deviation Sample standard deviation
3 21.87 145.6 3 15.43 206.2 Hypothesized mean Hypothesized mean
4 22.71 136.1 4 15.92 213.4 Sample mean Sample mean
5 22.52 139.7 5 15.2 204.2 Std error of mean Std error of mean
6 21.41 146.1 6 15.22 208.7 Degrees of freedom Degrees of freedom
7 22.71 139.6 7 14.6 200 t-test statistic t-test statistic
8 21.71 143 8 14.41 210.9 p-value p-value
9 19.95 136.4 9 14.79 208.5
10 20.65 146.6 10 14.81 214.2 Marengo Mileage Marengo
11 22.86 139.9 11 15.61 215.8 Sample size Sample size
12 21.12 136.6 12 15.76 215.8 Sample standard deviation Sample standard deviation
13 22.8 148.5 13 14.97 215.2 Hypothesized mean Hypothesized mean
14 20.89 143.4 14 14.71 218.7 Sample mean Sample mean
15 22.49 134.2 15 15.55 208 Std error of mean Std error of mean
16 20.94 140.5 16 15.19 212.2 Degrees of freedom Degrees of freedom
17 20.37 137.8 17 15.36 219.7 t-test statistic t-test statistic
18 22.72 135.1 18 15.93 216.4 p-value p-value
19 20.54 138.8 19 14.54 205.8
20 21.14 132 20 14.76 209
Topspeed
Topspeed
Roccinante
Sales Price Top Marengo
Sales Price Top
Mileage Mileage
Cars (in 1,000 (in lakh speed Cars (in 1,000 (in lakh speed
(Km/ltr) (Km/ltr)
Rocinante units) rupees)
171.877 6.1 15.8 (Km/hr)
168.2 Marengo 1 units)
20.896 rupees)
42.5 9.3 (Km/hr)
199.4
Rocinante 139.796 6.1 12.1 149.6 Marengo 2 31.048 36 9.7 235.2
Rocinante 178.947 9.9 17 173.4 Marengo 3 29.904 54.7 16.6 240.8
Rocinante 140.022 5.8 11.6 170.6 Marengo 4 28.792 42.7 11.7 232.5
Rocinante 186.476 10 17.2 175 Marengo 5 16.776 44.9 13.7 188.8
Rocinante 192.123 6.5 17.6 173.1 Marengo 6 18.928 35.5 9.6 184.2
Rocinante 175.085 5.5 16 184.6 Marengo 7 22.776 51.3 13.7 207.7
Rocinante 146.882 8.4 13 175.7 Marengo 8 36.824 30.4 12.6 249.5
Rocinante 202.847 6.6 19.3 166.7 Marengo 9 22.216 38.4 16.2 175.8
Rocinante 149.933 8.8 13.3 175.4 Marengo 10 35.456 32.2 9.6 245.6
Rocinante 171.579 9.5 15.8 150.9 Marengo 11 28.576 59.4 11.3 223.3
Rocinante 201.512 9.2 19.2 140.5 Marengo 12 33.648 50.8 13.6 240
Rocinante 142.604 8.1 11.7 150.2 Marengo 13 33.44 57.5 13.5 250
Rocinante 135.158 5.4 11.2 146.2 Marengo 14 34.912 44.6 11.1 247.4
Rocinante 107.322 5.6 7.8 151.2 Marengo 15 24.016 34.6 14.1 192
Rocinante 199.699 6.3 19 143.2 Marengo 16 20.992 56.4 13.4 201.2
Rocinante 202.875 5.8 19.7 178.9 Marengo 17 21.696 41.4 12.8 193.3
Rocinante 204.406 7.7 19.5 168.2 Marengo 18 17.832 53.7 16 202
Rocinante 107.331 7.2 7.5 164.7 Marengo 19 25.624 44.8 12.7 208.9
Rocinante 190.345 8.4 18.1 182.7 Marengo 20 21.92 32.4 13.6 176.9
Rocinante 108.419 8.4 7.9 165.7 Marengo 21 24.792 40.9 11.6 218.2
Rocinante 150.249 5.7 12.6 137 Marengo 22 22.256 44.1 11.4 190
Rocinante 155.882 5.5 12.9 173.9 Marengo 23 15.488 46.6 16.3 176.8
Rocinante 100.98 8.4 7.6 165.1 Marengo 24 21.64 31.4 14.5 178.9
Rocinante 182.679 5.6 16.7 160.1 Marengo 25 23.264 54.7 14.3 192.3
Rocinante 166.752 9.9 15.5 155.6 Marengo 26 19.328 37.9 9.4 184.1
Rocinante 121.561 6.2 9.5 155.4 Marengo 27 27.216 52.9 15.3 240.3
Rocinante 174.256 9.9 16.3 161.9 Marengo 28 23.096 42.7 15 192.1
Rocinante 119.018 6.5 9.1 146.8 Marengo 29 17.824 54.9 13.5 199
Rocinante 169.842 7.1 15.3 149.5 Marengo 30 19.144 44 11.8 181.1
Rocinante 198.311 9.6 19.1 146.5 Marengo 31 21.6 42.2 9.3 181.2
Rocinante 204.875 5.8 19.4 178.9
Rocinante 119.561 6.2 9.4 175.4
Rocinante 203.875 5.9 19.4 175.9
Rocinante 118.561 6.1 9.4 165.4
Question : A reputed mobile company claims that time taken to charge its phone is 2
H0 true H0 false
Rej Ho Type 1(alpha, los) Correct
Fail to Reject Ho Correct Type 2
pany claims that time taken to charge its phone is 25 min. Test the claim at 5% los.
Method 1
Step 1the null and Alternate
State
Hypothesis H0: Mean time= 25 min
Ho:=, Ha not equal to I H0 >=,Ha< I Ho<=, Ha> Ha: Mean time ≠ 25 min
Step 2
Level of significance 5% level of significance
Step 4 Interpretation
Rule (level of significance-5%)
If p≤.05, Reject Ho p(0.000)<alpha(0.05), Reject null hypothesis
if p>.05, Fail to reject Ho
Business decision?
Alpha Type 1 Recheck our claim
Type 2 Launch
m at 5% los.
t test
29
2.13 stdev.s
25
29.34 average
0.39 standard dev/sqrt of sample size
28 n-1
11.0057 (sample mean-hypo mean)/s.e.
0.000 *0.000
0.0000000000101600
we rejected
min, but we fail to reject(accepted)
two tail
right tail
left tail
Design A
DV(Y) IDV(X) Steps for regression
Sales(Y) Price Advertising SP 1. Identify IDV and DV
96 4 4 2.8 2. Use data analysis tool pack to run regression
90 2 2.4 2.2 3. Check overall significance of f test (or p value)
95 5.2 3 2.4 - if p≤.05, reject Ho, means at least one beta is significant
92 5 2.5 1.6
- So go to next table
4. Check p values for individual independent variables
95 4 3.5 2 5. Identify variables with p≤.05 i.e.significant.
94 5 3 2 6. Use the intercept, significant beta values and variable names to create reg
94 4 3 1.6 equation.
94 3 3.4 1.2 7. We have final regression equation
99 5.2 4.2 2
93 4 2.9 1.2
95 2.7 3.1 1.2
98 6 3 2.2
97 4 3.8 2.4 Q4a Beta Coefficients
94 4.4 2.5 2 Intercept 80.9978132367907
92 2.4 3 1.2 Price 1.05002930340297
Advertising 3.00246202078216
Sales promotion -0.104658454003478
Q8 Rerun the regression using only significant variables and compare the adjusted
Parameter All variables
R Square
Adjusted R Square
Regression
P value Significance?
B
Sales= 2+0.17*price+0.24*sales promotion
or design A
B
A????
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.89958981 correlation
R Square 0.80926182 indicates the amount of variance explained by regresion equation
Adjusted R Squa 0.75724232 fitted r square
Standard Error 1.16098369
Observations 15
Sales=80.99+1.05*Price+3.002*adv
(Sales=6+4.02*Incentive+3*advertising+2* sales promotion
ANOVA
H0: Regresion is not significant
Ha: regression is significant
Significance F p value p<.05
0.000284909 p>.05
p<.05, regression is possible Reject Ho, Regression is significant
Fail to reject ho, regression is not significant
p<.05, significant
sign ????? always use intercept
sign
sign
not sign